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H1073 • 2025

Fair Share for Public Schools Act.

Fair Share for Public Schools Act.

Education
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Buansi, Prather, Baker, R. Pierce, Ager, Ball, G. Brown, K. Brown, T. Brown, Budd, Butler, Cohn, Cook, Crawford, Dahle, Greenfield, Harrison, Hawkins, F. Jackson, Johnson-Hostler, A. Jones, Liu, Logan, Lopez, Majeed, Morey, G. Pierce, Price, Roberson, Rubin, von Haefen
Last action
2026-04-29
Official status
Ref To Com On Rules, Calendar, and Operations of the House
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Fair Share for Public Schools Act.

Fair Share for Public Schools Act.

What This Bill Does

  • Fair Share for Public Schools Act.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-04-29 House

    Ref To Com On Rules, Calendar, and Operations of the House

  2. 2026-04-29 House

    Passed 1st Reading

  3. 2026-04-28 House

    Filed

Official Summary Text

Fair Share for Public Schools Act.

Current Bill Text

Read the full stored bill text 
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
H 1
HOUSE BILL 1073

Short Title: Fair Share for Public Schools Act. (Public)
Sponsors: Representatives Buansi, Prather, Baker, and R. Pierce (Primary Sponsors).
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to: Rules, Calendar, and Operations of the House
April 29, 2026
*H1073-v-1*
A BILL TO BE ENTITLED 1
AN ACT TO IMPOSE A SEVEN PERCENT INCOME TAX ON INCOME THAT EXCEEDS 2
ONE MILLION DOLLARS AND TO DISTRIBUTE TH OSE PROCEEDS TO THE 3
PUBLIC SCHOOL FUND. 4
The General Assembly of North Carolina enacts: 5
SECTION 1. G.S. 105-153.7 reads as rewritten: 6
"§ 105-153.7. Individual income tax imposed. 7
(a) Tax. – A tax is imposed for each taxable year on the North Carolina taxable income 8
of every individual. The tax shall be levied, collected, and paid annually. Except as otherwise 9
provided in subsection (a1) subsections (a1) and (a2) of this section, the tax is a percentage of 10
the taxpayer's North Carolina taxable income computed as follows: 11
… 12
(a2) Rate on High Income. – A tax is imposed for each taxable year on the North Carolina 13
taxable income of every individual that exceeds one million dollars ($1,000,000) at a rate of 14
seven percent (7%). The tax imposed under this subsection shall be levied, collected, and paid 15
annually. The rate reduction t rigger under subsection (a1) of this section shall not apply to the 16
tax rate imposed under this subsection. Annually, the Secretary shall distribute the taxes collected 17
under this subsection, less the Department of Revenue 's allowance for administrative expenses 18
associated therewith , to the State Public School Fund for allotment by the State Board of 19
Education, on behalf of the counties, to local school administrative units on a per pupil basis in 20
accordance with Article IX, Section 7(b) of the North Carolina Constitution. The Secretary may 21
retain the Department of Revenue's cost of collection, not to exceed one hundred thousand dollars 22
($100,000) a year, as reimbursement to the Department. 23
…." 24
SECTION 2. This act is effective for taxable years beginning on or after January 1, 25
2026. 26